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International Paper Completes the Sale of Its Asian Corrugated Packaging Business

Thursday, June 30, 2016

Press release from the issuing company

Also Completes the Acquisition of Holmen Paper Madrid Mill

MEMPHIS, Tenn. - International Paper today announced that it has completed two previously disclosed transactions – the sale of its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise; and the acquisition of the Holmen Paper Madrid Mill in Spain. The Company plans to convert the newsprint machine to produce recycled containerboard during the second half of 2017. 

 

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Jennifer Matt

David Zwang, Editor/Analyst
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